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August 01, 2015 11:12 PM ET

Air Freight and Logistics

Company Overview of FedEx Ground Package System, Inc.

Company Overview

FedEx Ground Package System, Inc. provides business-to-business package shipping and ground delivery services. The company provides day-certain service to every business address in the United States and Canada, as well as residential delivery to through its FedEx Home Delivery service. The company also includes FedEx SmartPost, which consolidates and delivers high volumes of low-weight, less time-sensitive business-to-consumer packages using the United States Postal Service for final delivery to any residential address or Post Office box in the United States. The company was formerly known as Roadway Package System, Inc. and changed its name to FedEx Ground Package System, Inc. in 1998. The ...

1000 FedEx Drive

Coraopolis, PA 15108-9373

United States

Founded in 1984

Phone:

412-269-1000

Fax:

412-747-4290

Key Executives for FedEx Ground Package System, Inc.

Chief Executive Officer and President
Age: 61
Chief Financial Officer
Chief Executive Officer, President, and Chairman of FedEx Corporation
Age: 71
Executive Vice President
Age: 68
Compensation as of Fiscal Year 2015.

FedEx Ground Package System, Inc. Key Developments

FedEx Ground Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended May 31, 2015

FedEx Ground reported unaudited earnings results for the fourth quarter and full year ended May 31, 2015. For the quarter, the company reported revenue of $3.57 billion against $3.01 billion a year ago. Operating income was $603 million against $601 million a year ago. Revenue increased due to the inclusion of GENCO results and higher ground volume and revenue per package. For the full year, the company reported revenue of $12,984 million against $11,617 million a year ago. Operating income was $2,172 million against $2,021 million a year ago.

FedEx Ground Reaches an Agreement in Principle with the Plaintiffs

On June 12, 2015, FedEx announced that FedEx Ground has reached an agreement in principle with the plaintiffs in the independent contractor litigation that is pending in the United States District Court for the Northern District of California to settle the matter for $228 million. The settlement is subject to court approval.

FedEx Ground Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015

FedEx Ground reported unaudited earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, the company reported revenue of $3.393 million compared with $3.031 million for the same period last year. Operating income was $0.558 million compared with $0.490 million for the same period last year. For the nine months, the company reported revenue of $9.416 million compared with $8.610 million for the same period last year. Operating income was $1.568 million compared with $1.412 million for the same period last year. Operating results increased due to higher revenue per package, volume growth, a net benefit from fuel and a lower year-over-year weather impact, partially offset by network expansion costs.

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